I meant sub 10% of 28%, which is what the other FB founders got but you’re right that could be low 8 figures even after taxes.

Except you also take a pay cut for several of those years so your benefit from a billion dollar IPO over non startup really can be 6 figures if you’re not the CEO.

* can be 7 figures if you’re not the CEO.

Though obviously if the unicorn is worth 20B things look vastly better even with a 2% stake.